NEWARK, July 28, 2022 (GLOBE NEWSWIRE) — The global digital marketing software market will grow from US$62.6 billion in 2021 to US$265.2 billion by 2030, a CAGR, according to a report published by The Brainy Insights. Expected to grow in 17.4. % during the forecast period 2022-2030.
Digital marketing is a digital approach to promoting goods, brands and services using electronic media and the Internet. Digital marketing software relies on various channels such as social media platforms, websites, instant messaging (IM), and mobile applications to help improve business engagement with customers. Arrangements can be generated using software that allows you to create landing pages, generate analytics and reports, and perform other promotional activities. Digital marketing is a great way to reach your target audience and build customer loyalty to your brand. Rapid digitization is forcing companies to focus on expanding their reach to consumers globally. Digital marketing software makers use digital marketing strategies to analyze customer behavior and understand customer preferences in real time.
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In order to strengthen their market position in the global digital marketing software market, major players are currently focusing on adopting strategies such as product innovation, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships. .
● In December 2021, Rovio Entertainment Corporation announced features for Angry Birds on Netflix.
Market growth and trends
The spread of the Internet and progress in digitization are driving the growth of the market. Increasing smartphone sales and surge in usage of social networking websites are driving the market growth. The outbreak of the Covid-19 pandemic has also boosted the market growth and brought about changes in the way people use various apps. is expected. Additionally, as the cost of digital marketing services has dropped, they have become more popular among small businesses, making them accessible to larger audiences.
Report scope and segmentation
|Forecast period 2022-2030 CAGR||17.4%|
|2030 value projections||US$265.2 billion|
|Digital Marketing Software Market Size in 2021||US$62.6 billion|
|historical data of||2018-2020|
|Target segment||Solution, deployment type, company size|
|Digital Marketing Software Market Growth Drivers||Increased demand for digitization and smartphone usage.|
|New online platforms after the Covid-19 outbreak|
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● In 2021, the CRM software segment dominated the market with the largest market share of 39.3% and market revenue of 24.6 billion.
The Solutions segment is divided into CRM software, marketing automation, and social media. In 2021, the CRM software segment dominated the market with the largest market share of 39.3% and market revenue of 24.6 billion. CRM software is widely used by businesses to communicate effectively with their customers. Increasing demand for CRM software in enterprises is driving the growth of this segment.
● In 2021, the cloud-based deployment segment held the largest market share, accounting for 61.3%, with market revenue of 38.3 billion.
The deployment segment is divided into on-premises and cloud. In 2021, the cloud-based deployment segment accounted for the largest share of the market with 61.3% and market revenue of 38.3 billion. Cloud-based deployments are used to combine virtual cloud servers with dedicated hosting infrastructure. Growing need for cloud-based deployments is driving the growth of this segment.
● In 2021, the large enterprise segment will hold the largest share of the market, accounting for 58%, with market revenue of 36.3 billion.
The enterprise-scale segment is divided into large enterprises and small businesses. In 2021, the large enterprise segment held the largest share of the market, accounting for 58%, with market revenue of 36.3 billion. Large companies with large databases use digital marketing software to efficiently manage consumer data. The growing need of large enterprises for digital marketing software to efficiently manage their email marketing, CRM, and content management is driving the growth of this segment.
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Regional Segment Analysis of Digital Marketing Software Market
● North America (USA, Canada, Mexico)
● Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
● Asia Pacific (China, Japan, India, Rest of APAC)
● South America (Brazil and the rest of South America)
● Middle East and Africa (UAE, South Africa, other MEA)
Among all regions, North America emerged as the largest market for the global digital marketing software market, capturing approximately 42.2% of market revenue and a market share of 26.4 billion in 2021. The digital marketing software market in North America is growing rapidly. Growth is driven by increasing demand for digital marketing software from the entertainment and media industry. In addition, the development of the e-commerce industry in the region is also boosting the market growth.
Major players operating in the global Digital Marketing Software market are:
●Adobe Systems, Inc.
● Google Inc.
● Hewlett Packard Enterprise Development LP
●HubSpot Co., Ltd.
● IBM Corporation
●Sales Force Co., Ltd.
● SAP SE
●SAS Institute Co., Ltd.
The study forecasts global, regional and country-level revenues from 2019 to 2030. Brainy Insights segments the Global Digital Marketing Software Market on the basis of the following segments:
Global Digital Marketing Software Market by Solution:
● CRM software
● Marketing automation
Global Digital Marketing Software Market by Deployment Type:
Global Digital Marketing Software Market by Company Size:
● Large companies
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About the report:
The global digital marketing software market is analyzed based on value (Billion USD). All segments are analyzed globally, by region, and by country. The study includes analysis of over 30 countries for each part. This report analyzes drivers, opportunities, constraints and challenges to gain key insights on the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channel analysis.
About The Brainy Insights:
Brainy Insights is a market research company that aims to provide companies with actionable insights through data analytics to improve business insight. We have robust forecasting and estimating models to meet our clients’ goals of delivering high quality output in a short period of time. We offer both customized (client-specific) and syndicated reports. Syndicated report repositories are diverse across all categories and subcategories across domains. Our customized solutions are tailored to meet the client’s requirements, whether they are looking to expand or plan to launch new products in the global market.
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